Deal Details

GSF Is Acquired by Epiris

Industrial

GSF, a subsidiary of LKQ, sale to Epiris

Summary

GSF Car Parts (“GSF”), a subsidiary of LKQ Corporation (“LKQ”), has been acquired by Epiris LLP (“Epiris”). The terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to GSF's shareholders on this transaction.

About

GSF is a leading distributor of automotive parts for the independent aftermarket in the UK, serving local independent garages and national accounts through its 180 branches and regional distribution centres. With its assortment of more than 180,000 car parts and workshop equipment from more than 700 OEM and private label brands, GSF serves over 50,000 customers seeking quality, assortment, high product availability and speed of delivery through an omni-channel sales strategy. GSF is headquartered in Birmingham, England.

LKQ is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles. LKQ is headquartered in Chicago, Illinois.

Epiris is a private equity firm which invests in opportunities to transform businesses in partnership with exceptional management teams. It targets control positions in UK-headquartered businesses with an enterprise value of between £75 million and £500 million, deploying between £40 million and £150 million of equity. Epiris is headquartered in London, England.

Industrial

GSF, a subsidiary of LKQ, sale to Epiris